Nationwide scrapping overseas fee increases

Commenting on Nationwide's decision to scrap the planned increase on debit card fees for use outside Europe, Peter Harrison, travel money expert at moneysupermarket.com, said: "This is welcome news indeed. Nationwide doesn't charge any fees for using its debit card in Europe, and currently charges a modest fee of only 0.84 per cent per transaction outside of Europe. For any Nationwide debit card users travelling outside Europe this summer, this news should save them 0.16 per cent on every transaction they make on their trip.

"Alongside products from Post Office, Santander and Saga, the Nationwide debit card is a market leading product for spending money abroad, both inside and outside of Europe, and this news demonstrates that Nationwide remains committed to maintaining its position at the top of the tree."